[global Network report] Russia will be able to find "more pragmatic and far-sighted buyers"-after the news that Western countries plan to ban the import of Russian gold, Russian Foreign Ministry spokesman Zakharovaa said at a press conference on the 29th.

The US government announced a ban on the import of gold from Russia on the 28th of this month, and US President Joe Biden previously tweeted that "the Group of Seven (G7) will jointly announce a ban on the import of Russian gold."

According to the latest RIA Novosti news agency on the 29th, Zakharovaa said at a press conference on the same day that "the West has banned the import of Russian gold." in our view, if unfriendly countries decide to impose certain restrictions on themselves and take the initiative to reject Russian gold, then (Russia) will find more pragmatic and far-sighted buyers. By the way, we have seen this happening in other kinds of goods. If you look back at history, this has always been the case.

With regard to the plan of some Western countries to ban the import of Russian gold, Alexei Viazovsky, vice president of the Gold Coin House, a Russian gold investment institution, said in an interview with the Moscow Communist Youth League on the 25th that in the current context of increasing geopolitical tension, people are particularly interested in gold.

It is impossible for the West to completely block the gold market, nor can it set obstacles to Russia's gold reserves. "Western sanctions on Russian gold will not work," he added. Even if banned, Russia can export through flexible ways, such as oil exports, mixed with crude oil from third countries to sell.